Change Management Strategies For New Merged Company

For this merger to create a new culture, these artifacts need to encompass and be reflective of the new merged company, without favor to one or the other. Though removal and replacement of these artifacts may be difficult for some to grasp, while doing so, by introducing consistent rewards and recognition can be one of the first ‘new’ artifacts, and can fill the void and keep focus forward, versus looking back to the past. Strong new programs also encourage if not promote further communication, and help build a supportive work environment that will foster a working network of colleagues. One last note as to artifacts; although founders, leaders, and company stories are valued artifacts, so are the people working here and now. Celebrate those with the new merged company; create new stories with new events, programs, and by starting new traditions for the organization. This gives an identity to the new organization, creates the new culture, and begins establishing organizational socialization. 5. Change Management Strategy. The most appropriate set of change management strategies to use for implementing change would be an appreciative inquiry approach. A merging of two companies creates a plethora of unknowns for all; the unknown is a strong threat to all that perceive it. Reframing the image of merging into a positive strength for all is more palatable, if not approachable for most. â€Å"Appreciative inquiry typically examines successful events, organizations, and work units.Show MoreRelatedMergers : A New State And New Country Involved1100 Words   |  5 Pagesmergers can be even more challenging due to distance, the different national cultures, and different management styles. Summary of Issues and Challenges There are three different companies involved as well as a new state and new country involved. Additionally, there are two different management styles – the acquiring company being collaborative and the company being merged having a top-down style. Obvious concerns for all staff will be how it impacts them. They will wonderRead MoreCemex: Global Growth Through Superior Information1110 Words   |  5 PagesCEMEX: GLOBAL GROWTH THROUGH SUPERIOR INFORMATION CAPBILITIES 1. CEMEX is a cement company. What are the sources of competitive advantage in the cement industry? What is CEMEXs position in the global cement industry? First, the cement business is cyclical. The uncertainty of the number of demand and sales restricts a cement company to gain profits stably. Thus, the expansion of the scale of the company is very critical to enhance the competitiveness, especially the international expansion Read MoreEssay Case Study Cemex1128 Words   |  5 Pages CEMEX: GLOBAL GROWTH THROUGH SUPERIOR INFORMATION CAPBILITIES 1. CEMEX is a cement company. What are the sources of competitive advantage in the cement industry? What is CEMEXs position in the global cement industry? First, the cement business is cyclical. The uncertainty of the number of demand and sales restricts a cement company to gain profits stably. Thus, the expansion of the scale of the company is very critical to enhance the competitiveness, especially the international expansion Read MoreChange and Culture Case Study 11646 Words   |  7 PagesChange and Culture Case Study I Paul Sullivan HCS/514 August 15, 2011 Kendra Slatton Change and Culture Case Study I The job of a middle manager is not easy, especially during times of extreme change. It requires balancing and maintaining varying personnel within the organization including upper management and a subordinate workforce. An option for many who successfully have not influenced the direction of an organization is to leave the company. However, according to Covey (2004), â€Å"A more commonRead MoreTim Horton : Business Principles Essay1375 Words   |  6 Pages including 3,650 in Canada, 650 in the U.S., and 113 in the Middle East (Restaurant Brands International Inc., 2015). Tim Horton started with the hierarchy structure. Nevertheless, in order to expand its business, Tim Horton only left the top management level with this structure. Their executive team at head office ranges from Executive Chairman, President and Chief Executive Officer to Chief Operations Officer (Restaurant Brands International Inc., 2015). At the same time, Tim Horton diversifiedRead MoreWeek 6 Bus 6501680 Words   |  7 PagesRunning head: Week Six Assignment Week Six Managerial Finance Jason Campbell Wayne Hollman BUS 650 January 7, 2013 Abstract In this final paper for Managerial Finance I will attempt to show how the supply chain inventory management method can be affected depending on the situation of the retailer. Studying the control method for problems in inventory, which would include both, excesses in inventory as well as shortages, and hoping to minimize loss. Use of SCM as a Method of InventoryRead MoreCorporate Strategy And The Alignment Of Hr Strategy Essay979 Words   |  4 PagesIntroduction In this paper, we will be looking into Westport Fuel Systems Inc. Corporate strategy and the alignment of HR strategy. The HR functions, the company growth, innovation and talent management. We will discuss in details how Westport implement its strategies and how effective these strategies are to the growth and development of both the company and employees. Also whether these strategies help in employee retention and general business productivity or not. Business success highly dependsRead MoreBusiness Comms1567 Words   |  7 PagesAuthority within the proposed structure 3 3.4 Relationship between Contingency theory and the merged organisation 3 4. Conclusion 4 5. Recommendations 5 Appendices Section 9 Appendix 1 10 Appendix 2 11 1. Terms of Reference Fiona Balloch requested the report to be generated to provide information on the structure of Joy of Chocolate and CG Chocolates. The purpose of the report is to show a new structure for the organisation. This report was requested to show functional and lateral relationshipsRead MoreBayer Management of Innovation and Technology842 Words   |  4 PagesIntroduction Technological Change refers to the emergence of new products and processes in the marketplace brought about by innovative initiatives and distributive strategies; this in turn motivates formation of new industries and competitive rivalries for the organization. At Bayer it has always been their mission to create new innovations to better the lives of people. The pharmaceutical company has focused over the years on health care, nutrition and high-tech materials. Through Bayer ScheringRead MoreThe Cable Television Industry in the United States Essay950 Words   |  4 PagesIn United States cable television industry, the traditional cable companies compete with different types of competitors. Like Netflix which is in home entertainment occupied the part of market share in the industry. The unique organizational architecture support Netflix has a sit in the entertainment industry. Furthermore, the traditional cable companies change their original structural to cope with the fierce comp etition. Netflix incorporated is in the home video entertainment market and it is